Cystic Fibrosis Charity Sells Drug Rights to Pharma for $3.3 Billion – The Cystic Fibrosis (CF) Foundation has sold royalty rights to treatments developed with support from its ‘venture philantrophy’ model wherein the foundation provide upfront funding for pharmaceutical companies to help reduce the financial risk of developing drugs to treat CF.

Ontario Announces Funding for Stem Cell Institute – Ontario has announced funding for the creation of an institute for regenerative medicine and three ‘disease challenge teams’ to bridge the widening gap in the province between basic research and clinically tested therapies that improve the health of patients with chronic and degenerative diseases.